Vancouver Area   Jan 27, 2023  (2-week update)

Current:  Vancouver area Real Estate Market is in a Buyer's Market with an average of 10.2 %SOLD rate.   See each city for the full details.

Forecast:

The Vancouver Real Estate Market shows that 71% of the Detached Homes in December decreased their values by ($8,770) on average. That means 29% of the markets have actually gone up in December!  We are forecasting that the majority of the Hongcouver Markets will stabilize this February and we should see price increases in March.

Currently, Both the Condo Markets and Townhouse Markets are also in a Buyer's Market, with the Average Price decrease of ($1,837) and ($8,461) respectively. We analyze and provide 97 individual City's Home Price Indexes to supply you with the MOST ACCURATE Market Trends every Saturday. Please contact us for your own Market Value Update with an in-depth Analysis and Forecast in your Local Market Area and more specifically - Your Neighborhood.

Fraser Valley & Chilliwack  Jan 27, 2023  (2-week update)

Current:  Fraser Valley and the Chilliwack areas range from Buyer's Market to a Stable Market averaging a 13.0 %SOLD rate.  See each city link for the full details

Forecast: 

In December, 89% of Fraser Valley Real Estate Detached Market prices decreased by ($26,006) on average.  We are now forecasting that the majority of the Hongcouver Markets will stabilize in February 2023. This cash influx should trickle out and stabilize the Fraser Valley by March or April .

Currently, Both the Condo Markets and Townhouse Markets are also in a Buyer's Market, with the Average Price decrease of ($1,837) and ($8,461) respectively. We analyze and provide 97 individual City's Home Price Indexes to supply you with the MOST ACCURATE Market Trends every Saturday. Please contact us for your own Market Value Update with an in-depth Analysis and Forecast in your Local Market Area and more specifically - Your Neighborhood.

In the Vancouver area for the Month of Dec 2022, 30% of the Single Family Home Sold Listings reduced their List Price by an average of $128,678. This compared to Nov 2022 when 27% reduced their List Price by an average of $131,213.
(Note: the other Two Week Reports (STR and MTI) will be more accurate market indicators than this monthly report after the middle of each month)

In the Fraser Valley-Chilliwack area, for the Month of Dec 2022, 41% of the Single Family Home Sold Listings reduced their List Price by an average of $74,025. This is compared to Nov 2022 when 41% reduced their List Price by an average of $75,828.

Now do compare the %SOLD and the MTI rates to the year 2021!

Now do compare the %SOLD and the MTI rates to the year 2020!

Now do compare the %SOLD and the MTI rates to the year 2019!

Now do compare the %SOLD and the MTI rates to the year 2018!

Now do compare the %SOLD and the MTI rates to the year 2017!

Now do compare the %SOLD and the MTI rates to the year 2016!

Now do compare the %SOLD and the MTI rates to the year 2015!

Now do compare the %SOLD and the MTI rates to the year 2014!

Now do compare the %SOLD and the MTI rates to the year 2013!

Now do compare the %SOLD and the MTI rates to the year 2012! Now do compare the %SOLD and the MTI rates to the year 2011!

The Best and Worst Investments in Greater Vancouver()

Peak-To-Date: Greater Vancouver Real Estate Markets 
AVERAGE Prices Changes 
Updated  2023 Jan 2

Prices have dropped across All Cities, All Markets!

Prices have dropped across All Cities in All Markets!

From the Peak in Mar 2022 (10 months of Sales) For Vancouver Detached Homes:

White Rock S. Surrey is down the most at 13.7%,
Whilst West Van declined JUST 4.3%.

From the Peak in Feb 2022 (11 months of Sales) For Fraser Valley Detached Homes:

All cities continue to show a downward trend for average price changes,

Chilliwack had the biggest drop at 30.4% 
  and had the least drop at 10.4% for North Delta. 

(Click Image to See the difference between the High and Low Markets)



Compare the HIGH-END and LOW-END Markets

   Houses  Detached Homes                                                                                                                                                 TOP

 
Condos  Attached        High/Low Markets                                                                                                                  TOP

Townhouses  Attached        High/Low Markets                                                                                              TOP

Bill Coughlin
"Realtor and Lifestyle Consultant"

1-778-374-3744            Bill@coughlinteam.com

eXp Realty
Independently Owned and Operated                               Key words Real Estate Investments Housing Market Trends and Forecasts for Vancouver Area

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